Common use of Credit Support Amount Clause in Contracts

Credit Support Amount. (i) Within thirty (30) days following the Effective Date, Seller shall transfer Credit Support to Buyer having an aggregate value equal to (A) $200 multiplied by (B) the Guaranteed Storage Contract Capacity, expressed in kW (the “Pre-COD Credit Support Amount”). The Pre-COD Credit Support Amount will apply with respect to Seller until the Commercial Operation Date. (ii) By no later than the Commercial Operation Date, Seller shall transfer Credit Support to Buyer in substitution of the Credit Support delivered pursuant to Section 6.1(a)(i) having an aggregate value equal to (A) $100 multiplied by (B) the Storage Contract Capacity, expressed in kW (the “Operating Period Credit Support Amount”).

Appears in 2 contracts

Samples: Storage Capacity Agreement, Storage Capacity Agreement

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Credit Support Amount. (i) Within thirty ten (3010) days Business Days following the Effective Dateexecution of Conditions Precedent Satisfaction Certificate, Seller shall transfer Credit Support to Buyer having an aggregate value equal to (A) $200 125 multiplied by (B) the Guaranteed Contract Storage Contract Capacity, expressed in kW (the “Pre-COD Credit Support Amount”). The Pre-COD Credit Support Amount will apply with respect to Seller until the Commercial Operation Date.Date.‌ (ii) By no later than the Commercial Operation Date, Seller shall transfer Credit Support to Buyer in substitution of the Credit Support delivered pursuant to Section 6.1(a)(i8.1(a)(i) having an aggregate value equal to (A) $100 multiplied by (B) the Contract Storage Contract Capacity, expressed in kW (the “Operating Period Credit Support Amount”).Amount”).‌

Appears in 1 contract

Samples: Storage Capacity Agreement

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Credit Support Amount. (i) Within thirty ten (3010) days Business Days following the Effective Dateexecution of Conditions Precedent Satisfaction Certificate, Seller shall transfer Credit Support to Buyer having an aggregate value equal to (A) $200 multiplied by (B) the Guaranteed Contract Storage Contract Capacity, expressed in kW (the “Pre-COD Credit Support Amount”). The Pre-COD Credit Support Amount will apply with respect to Seller until the Commercial Operation Date.Date.‌ (ii) By no later than the Commercial Operation Date, Seller shall transfer Credit Support to Buyer in substitution of the Credit Support delivered pursuant to Section 6.1(a)(i8.1(a)(i) having an aggregate value equal to (A) $100 multiplied by (B) the Contract Storage Contract Capacity, expressed in kW (the “Operating Period Credit Support Amount”).Amount”).‌

Appears in 1 contract

Samples: Storage Capacity Agreement

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